$1,350,000
700 Highway 50
Details
APN R0650104
Property Type Retail, Multifamily
Sub Type Commercial
Square Footage 2,395
Units 3
Cap Rate 7.60%
Year Built 2004
Stories 1
Acreage 2 - 4.99
Zoning Mobile Home Park
Parking Spaces 20 spaces
Parking Per SqFt 8.35
Retail | 7.60% CAP | 2,395 SqFt
Marketing description
Investment opportunity located in the City of Gunnison! Commercial + residential. Cottonwood Parque consists of two mirrored apartments, a studio and lot rent from 14 trailers on site. CAP Rate is over 7.6% as of list date and will increase 1/2026. Please inquire for more information. The second floor living apartment units are 2 Bed/2bath & each include a one car garage. Units A & B provide consistent rental income at $4100 per month (Unit A $2,000, Unit B $2,100). The ground level has an office/studio 1 bed/1 bath with laundry, providing an additional $700 monthly. The property has 14 mobile home trailers, each individually owned. Lot rent is currently $400 per trailer and includes City of Gunnison Water & Sewer. Each Trailer pays individually for trash service (Golden Eagle), Atmos energy and electric. Units A & B have new water (2025). Current owner uses a well for summer irrigation on site. Seller will consider owner financing.
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